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Bullish IMPM article
Kudrna's Stock Market Blog
im feeling good how the volume is gradually increasing even as the PPS increases. On top of that, up about 10% afterhours is a nice touch.
when do we see a pullback?
very true...i wont be greedy, i can live with a 269 pps!
Probably true but where they were before was $270.00 a share pre-split. Lot of real estate between here and there. I think the big boys just went to lunch. :0)
fAt
The dividend will be no more therefore I don't see them getting to the level they once were
Looks like someone (or ones) is starting to sell off now. I owned this stock for over 10 years when it hit 27 and was paying dividends. I sold it in Dec. well after the 1 for 15 reverse split for the tax write off (so much for buy and hold). Hoping to make some of that back this time. If they could get back to where they were a few years ago there is a long ride from here, but then again things are different right now. I think that they were one of the first companies to feel what was coming.
just make sure you protect your gains and leave at signs of trouble....the gains made are most likely not worth the risk of holding on too long
Yep... just wish I'd bought more. 10 bagger now. Not done this well since Healthsouth. Had lots more of that though. Congrats to you.
fAt
it would be hard to wipe this smile off my face
I think we can now officially call this a break out..
fAt
Support and resistance levels last for many years. This isn't even the same company in a lot of ways. Doesn't seem to matter. I think nice round numbers often create or strengthen support and resistance regardless of history. At the moment chartwise we have a target of $7.21 (4.99 X 2 -2.77) Then some consolidation before likely going higher.
fAt
so you think that the 10 support level from over a year ago is still valid? I would think most who had it at 10 either averaged down significantly or left the stock therefore rendering the 10 support from that time ago a mute factor. Not saying in anyway that i am right...thats just my initial thoughts on that. Have you seen resistance/support levels from that long ago and with this large difference in price to be still relevent?
i think we are at least worth 100mil so around a 13 dollar price is my guess before we start seeing more resistance unless volume stays low and we keep muscling through for some fantastic reason.
just wish i didnt try to be responsible and cut back some of my shares when we jumped to the 3-4 range.
I'm just looking at the chart. $10 provided support on the way down as did $5. $5 was the resistance going back up and indeed stopped the earlier run a couple months ago at $4.99. Had we stopped this time at $5 we would have doubled topped and had to go through another consolidation. Once cleared the $5 area should once again provide support for the next resistance. That would be 10ish. That's not to suggest it can't go higher but it would have to get though 10 first. Should be pretty clear sailing to there though.
fAt
If I remember correctly, the shares short has been decreasing so I have been anticipating they were apart of this jump. at 5x volume...its still relatively low based on the PPS only being at 5 now. However, it surely is in a positive direction and becoming stronger which is building my confidence.
Are you predicting 10 on a psychological/emotional pick as that being a good number or are you predicting that based on the value of the business/other factors?
I personally think we have room to run past 10 in the near future now that we are off the pink but time will tell based on the next few quarterly reports and receiving some coverage
The volume is 5X normal. There are 200K+ shares shorted so there are or will be people trying to hold it back while they cover. At the end of the day "what's it worth" will rule, but I don't see a lot of resistance up to almost $10
fAt
there is our $5 break buddy. What are your thoughts on volume and the impact? my concern is the high spike in price versus the low volume.
i think it has room to continue to move now that its off pink. i was at 1000% the other week and pared back some to be safe. around 700% with my current holdings. pared back a bit yesterday so i dont kick myself if we lose some of this. the rest is probably going to be riding for a while.
Nice ride. I'm up almost 800% now. Wish I'd have bought more. Probably should. Wouldn't surprise me to see this run to near $10 if it breaks $5
fAt
yea, i just noticed that. for some reason i was thinking it was next week. looking forward to seeing how it reacts after the seasonal emotions in the market are removed
It's been off the pinksheets for a week.
fAt
when it gets off the pink sheets....i think we surpass 5. we may surpass 5 on low volume in the meantime though but i dont get too excited on that
Wait and see what happens when it clears $5 Stalled there before and found support there on the way down. Above that it's clear sailing to $10
fAt
stock is acting pretty phenomenal as of late and this board is still dead? cant wait to see some excitement here and see what happens to the stock from it
I had found inside information from http://www.impaccompanies.com/ I can't find it. hmm
I believe that Not reverse split but it is for changing from pinksheet to AMEX. 1:1 means equal, no reverse split.
Cheer Up!
I believe what that means is that your got one share of Amex stock for every share of Pinksheet stock. Sort of a book keeping note. It's not really a split.
fAt
where did you get the 1 for 1 split from? there was a reverse split last year...I think we are a long ways away for a 1 for 1 split.
a 1 for 1 for split ???
looks like IMPM shares got off the pinks and moved up to the AMEX
from the 12/24/09 8k.....
Item 1. Description of Registrant’s Securities to be Registered.
This Registration Statement on Form 8-A is being filed to register the common stock, par value $0.01 per share (the “Common Stock”), of Impac Mortgage Holdings, Inc., a Maryland corporation (the “Company”), under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) in connection with the listing of the Common Stock on the NYSE Amex LLC (the “NYSE Amex”). The Company anticipates that the listing of the Common Stock will commence trading on the NYSE Amex at the opening of trading on the NYSE Amex on December 29, 2009 under the symbol “IMPM”.
from the 10Q...
There were 7,698,146 shares of common stock outstanding as of November 6, 2009
Date Requested 12/28/09
Closing Price $3.52
Volume 68,806
Split Adjustment Factor 1.0000:1
Open $3.25
Day's High $3.60
Day's Low $3.21
Is it correct????
When I rush I should have been patient when I'm patient it turns out I should have quickly pulled the trigger. If you only knew eh? This pull back was a very tradeable event. Dollar a share easy. But if it does the same thing with this lesson in our pocket, sell and it'll leave us in the dust for sure....
fAt
well last year i anguished over money lost, this year my anguish is over cutting out too early/not being patient enough.
No one ever went broke taking a profit. I anguish more over profits I missed than money I lost but that can happen when you sell too soon or not soon enough.
fAt
I just dont know if im believing this won't go back down quickly and soon without news to support it. Ive been selling small increments over $4 as im over 1000% increase right now and i cant allow myself to ignore this selling opportunity. i'll let the rest ride and hopefully im wrong and it skyrockets more.
Only thing I've seen that makes any sense is that they have a $6 billion portfolio which is $6B after being severely written down. Now with things improving they will be able to remove some of the impairment. With only 7M or so shares even a few % is big bucks per share. ?????
fAt
Not sure what is going on.
ANYONE?????
I am sure liking the ride.
Talk about flying under the radar.. you'd think people would be noticing this by now. What a rocket... $.12 to $4.38
fAt
Could be a little squeeze action. There's still a short from the nyse days. Not huge but there's been no volume to get it covered. If I was short I think I'd want to get covered as it doesn't appear it's going to belly up and not much good could happen to a short at this point.
fAt
i got nothing but volume isnt extraordinary high so im not taking this as too much of anything at the moment
That was interesting... out of the blue pop to 2.50 then closes up .19 at 2.30 on nada..
fAt
Did I just miss a 10 bagger divi?? lol
IRVINE, Calif., Sept. 9 /PRNewswire-FirstCall/ -- Joseph R. Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. (NYSE:IMH), or the "Company" a Maryland corporation, being taxed as a real estate investment trust ("REIT"), is pleased to announce that in accordance with the terms of the Company's 9.375% Series B Cumulative Redeemable Preferred Stock (NYSE:IMHPrB), the Board of Directors has declared a preferred stock dividend of $0.58594 per share for the period beginning on July 1, 2008 ending September 30, 2008. The dividend will be paid on September 30, 2008 to those preferred stockholders of record as of September 19, 2008. The ex-dividend date will be September 17, 2008
Q3/'08 conference call:
Direct link...
(Might not post as intended. Possibly a need for copying and pasting in order to reach the target web page.)
http://webcastingplayer.corporate-ir.net/player/playerHOST.aspx?c=119470&EventId=2026443&StreamId=1223607&IndexId=&TIK={8338899c-9d96-44ac-97f3-bc125006ca22}&RGS=3
Indirect link…
http://ir.impaccompanies.com/phoenix.zhtml?c=119470&p=irol-irhome
And, if interested, a PDF transcript of the Q1-Q2/'08 conference call…
http://media.corporate-ir.net/media_files/irol/11/119470/IMH_Q1_Q2_trans.pdf
With two passages from same:
[ Joseph Tomkinson - Impac Mortgage Holdings, Inc. - Chairman, CEO ]
(1) PRESENTATION section...
"In closing, I want to let all Impac shareholders understand that this management team has been working extremely hard and
focused this last year to give the company the opportunity to redefine itself and return to profitability. This management team
has worked together since 1986. It has managed successfully the bond crisis of 1987, the real estate recession of the early '90s,
the liquidity crisis of 1998, and now the collapse of the financial and secondary markets of '07. As we finish cleaning up this year
and redirecting ourselves, I am optimistically looking forward to 2009 as the year to rebuild and return to profitability."
(2) QUESTIONS AND ANSWERS section...
"No, I have no closing remarks, other than, again, I want to reiterate to everyone that we appreciate your patience. I really believe
that in the fourth quarter we will have the remaining issues resolved, and we look forward to getting back in to business. So
with that said, thank you very much."
IMH, at the current cost of admission, equating to a no-brainer. Risk/reward situation as good as it ever gets. Severely beaten down. Tremendous upside potential. Capable/competent management team hard at work. Getting the job done. Change of strategic direction. Back to profitability in the near-term.
Money in the bank.
DID NOT, but fully expect this one to TURN UP QUICKLY. Hammer
LOOKS LIKE A DOUBLE BOTTOM! Great entrance point @.12-.15 range. Hammer
so whats going on with this one joe? are you currently playing this?